Bangkok--7 Dec--LG-One
Venerable Information and News Organization Honors Companies that Invent
LG Electronics has been named a Thomson Reuters 2011 Top 100 Global InnovatorSM, recognized for its achievements as one of the world’s most innovative companies. In developing the list of Top 100 Global Innovators, Thomson Reuters, a leading provider of intellectual property solutions and information, analyzed patent data and related metrics in a proprietary methodology to scientifically identify the most influential organizations globally.
The Thomson Reuters 2011 Top Global Innovators program evaluates performance in three areas: companies that invent on a significant scale, work on developments that are acknowledged as innovative by others around the world, and whose inventions are globally protected due to their importance.
Mr. Thunyachate Ekvetchavit, Marketing Director, LG Electronics (Thailand) Co., Ltd commented that “LG Electronics places great emphasis on innovation, both in our products and the technologies that drive them. In Thailand, we are proud that consumers themselves can be sources of innovation: we conduct in depth research to incorporate local consumer insights into our products, so they match perfectly with Thai lifestyles.
“We are pleased that our efforts to ensure ‘Life’s Good’ for consumers have been recognized by the Thomson Reuters 2011 Top Global Innovators program. This award further demonstrates that LG is recognized as a true innovator, and we are committed to continuing to develop technology and products that address the real needs of consumers,” added Thunyachate.
In September, LG was named by Jeffries & Co., a global securities and investment banking group, as the world leader in LTE patents. This finding was based on the company’s analysis of 1,400 LTE patents that the investment bank categorized as “essential.” LG’s LTE patents accounted for 23 per cent of the 1,400 patents. Jeffries & Co.’s report clearly singled out LG’s unrivalled leadership in LTE technology which was valued by the bank at nearly USD 8 billion (approximately 246.7 billion baht).
“Innovation is a means of growth and prosperity for companies seeking to overcome sluggish economies and achieve competitive advantages,” said David Brown, president of the IP Solutions business of Thomson Reuters. “We salute the Thomson Reuters 2011 Top 100 Global Innovator companies and their leaders for the innovative spirit they foster and their commitment to protecting intellectual assets.”
Thomson Reuters 2011 Top 100 Global Innovators:
- Added 400,087 new jobs over the past year;
- Are geographically dispersed, with 40% from the U.S., 31% from Asia and 29% from Europe;
- Had an increase in revenue year over year with 69% of the organizations experiencing growth;
- Outperformed the S&P 500 year-over-year for the majority of industries represented.
Thomson Reuters Derwent World Patents Index? (DWPI), Derwent Patents Citations Index?, Quadrilateral Patent Index?, and Thomson Innovation?, the IP and intelligence collaboration platform were used to carefully analyze patent data for the Thomson Reuters 2011 Top 100 Global Innovators program. Comparative analysis was done using the Thomson Reuters Eikon platform, the single source for turning financial information into action.
To view the full report on the Thomson Reuters Top 100 Global Innovator program, go to www.top100innovators.com.
About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 93,000 people working in over 120 operations around the world. With 2010 global sales of KRW 55.8 trillion (USD 48.2 billion), LG comprises four business units — Home Entertainment, Mobile Communications, Home Appliance, and Air Conditioning & Energy Solutions. LG is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG has signed a long-term agreement to become both a Global Partner and a Technology Partner of Formula 1?. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit www.lg.com.
For further information, please contact:
Suphada Chaiwong / Matt Moran
LG-One Thailand
Phone: 0-2252-4166 (Ext. 209 / 224)
Email:
[email protected]